Springboard Enterprises Australia, an organisation looking to help women entrepreneurs become investor-ready, has opened applications for its third annual accelerator program.
The program aims to address the funding gap facing women entrepreneurs by connecting them with a network of advisors, investors, and alumni in order to open up investment and mentoring opportunities.
Topaz Conway, chair of SBE Australia, said, “Our program aims to help women better prepare themselves and their companies for growth and investment and provide them with tools and techniques to overcome unconscious bias when accessing capital, which is critical for their success.”
“We bring together a carefully and competitively selected group of women who are given opportunities to present their businesses to active investors and strategic partners in Australia and the US.”
Conway added that the women who previously participated in the program were typically seeking institutional investment in their business in the next 12 to 18 months, and looking to expand to the US.
“Our network provides advice and consultancy on financial models, trademarking, IP protection and accessing international markets so when they are connected to investors their chances for success in securing an investment are maximised,” she said.
The Springboard network has helped over 500 female-driven businesses get off the ground since 2000, with these businesses raising over $6 billion.
The program, which takes no equity, will see the startups selected assigned a personal advisory network of relevant experts to help refine pitches and make connections.
Sixteen startups have taken part in previous programs. Five to ten will be selected this year. Interested entrepreneurs can apply for the program here.